Chief Financial Officer - CAH Hospital at Bonners Ferry

Job Description

POSITION SUMMARY:  Manages, coordinates and analyzes the financial aspects of the hospital and nursing facility operations.  Designs and puts into action those systems for identifying and controlling the income and expenses within the institution; consults with and advises Chief Executive Officer and Board of Trustees regarding methods for generating increased revenue and controlling operational costs in relation to the overall goals of the hospital, the market and the needs of the community

ESSENTIAL JOB DUTIES/REQUIREMENTS:

 

• Manages the hospital’s financial resources.
• Develops, interprets, coordinates and analyzes the hospital’s policies on finance, accounting, insurance, patient billing and internal controls.
• Manages the financial policies for the institution to control the receipt of revenue, expenditures of funds and preservation of assets.
• Provides ongoing reviews, interprets, analyzes and communicates financial reports and data to the CEO, and Finance Committee of the Board of Trustees.  Responsible to develop a formal budget and supervises budgeting process, providing a standard of measurement so the actual hospital and departmental performance can be evaluated. 
• Evaluates and recommends changes to the administration for rates/charges and the structure for same as appropriate.
• Evaluates the institution’s objectives as they relate to the third party reimbursement and the appropriate analysis.  Responsible to make the appropriate organization investments and appropriate reporting on the activities and results of the investments as well. This shall be approved by the Board of Trustees.
• Responsible for the supervision and coordination of the functions of reimbursement, budget, patient accounting, patient registration and general ledger accounting, accounts payable, information systems, and material management.
• Participate in the development of the department’s operating budget and ensure that operations are maintained within allocated funds.
• Responsible for the ongoing and updated three year capital budget.
• Establish and maintain all appropriate records and reports applicable to the financial operation of the hospital.
• Reviews financial impact of hospital contracts.
• Provides for organization and maintenance of an effective system of accounting and cost determination.
• Responsible to continually review and modify cost systems and data collection to ensure maximum reimbursements for patient services.
• Prepares periodic reports outlining the institutions’ financial position in all areas of assets, liabilities, income and expense based on past, present and planned future operations.
• Ensures the timely filing of federal, state, third party and other financial reports as required, including the Medicare and Medicaid Cost Reports.
• Responsible to provide for and understand the current insurance needs of the institution and to assure that the proper protection from liability or other looses is being provided. 
• Works with HR Director to analyze the cost impact of Employee benefit programs and compensation plans.
• Perform cost studies involving third parties such as private insurance as well as state and federal coverage plans.
• Plans, coordinates, and prepares for year-end audits by public accounting firms and outside auditors
• Directs and supervises departmental staff through respective managers and supervisors.
• Responsible for establishing and maintaining healthy interpersonal relationships with all staff members.
• Abides by all Federal, State and Hospital laws, regulations policies and guidelines.
• Abides by Boundary Community Hospital Corporate Compliance program.
• Attends all required meetings and activities, maintaining a professional affiliation to stay abreast of current trends and changes in legislation in the financial field.
• Perform all other duties as assigned

 

 

PHYSICAL DEMANDS:

• Job allows employee to vary physical position or activity for comfort.
• May be required to sit for up to 4 hrs (computer sedentary work)
• Stand or walk for 4 hrs per shift.
• Lift up to 15 pounds occasionally
• Employee may be required to bend, squat, kneel, and reach above shoulder level occasionally, climb and twist rarely.
• Must have ability for repetitive use of hands for keyboarding and writing, simple grasping, fine manipulation of hands and fingers for data entry and writing.
• All sensory skills (speech, vision, smell, touch, and hearing) must be corrected to normal range.
• Time will be spent indoors 95% and Outdoors 5%
• Exposure to normal and extreme temperature changes, all humidity ranges
• Hazards are listed in MSDS on file in office.
• Machines or tools of operation are copies, ten-key computer and key board, and printer.

 

Job Requirements

POSITION QUALIFICATIONS:

 

• Bachelor’s degree in Accounting  and  CPA required
• Minimum of 5 years working in Accounting, with 3 years as CFO in a Critical Access Rural Hospital. 
• Must have successful history of working with CMS (Medicaid, Medicare payment plans and regulations).
• Advance computer skills in Accounting, Excel and Microsoft Word software programs, prefer experience in Meditech systems.
• Ten key by touch

 

Country: USA, State: Idaho, City: Bonners Ferry, Company: Boundary Community Hospital.